Highwood Asset Management (TSXV:HAM) ROCE % : 3.91% (As of Mar. 2024)

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What is Highwood Asset Management ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Highwood Asset Management's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.91%.

Highwood Asset Management ROCE % Historical Data

The historical data trend for Highwood Asset Management's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Highwood Asset Management ROCE % Chart

Highwood Asset Management Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-22.00

-31.04

-21.30

23.08

46.40

Highwood Asset Management Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.42	-21.76	1.80	110.99	3.91

Highwood Asset Management ROCE % Calculation

Highwood Asset Management's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	53.799	/	( ( (16.841 - 2.409)	+	(257.079 - 39.596) )	/ 2 )
	=	53.799	/	( (14.432	+	217.483)	/ 2 )
	=	53.799	/	115.9575
	=	46.40 %

Highwood Asset Management's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	8.36	/	( ( (257.079 - 39.596)	+	(272.357 - 61.881) )	/ 2 )
	=	8.36	/	( ( 217.483	+	210.476 )	/ 2 )
	=	8.36	/	213.9795
	=	3.91 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Highwood Asset Management (TSXV:HAM) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Highwood Asset Management ROCE % Related Terms

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Highwood Asset Management (TSXV:HAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Highwood Asset Management Ltd (TSXV:HAM) » Definitions » ROCE %

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Address

221 10th Avenue South East, Suite 202, Calgary, AB, CAN, T2G 0V9

Website

https://www.highwoodoil.com

Highwood Asset Management Ltd is an asset management entity overseeing various operations including clean energy transition subsectors with a focus on ESG also it looks at current activities in the industrial metals & minerals, oil production and oil midstream spaces. The company has four reportable segment which are Upstream Segment, Midstream Segment, Metallic Mineral Segment, Corporate and Other Segment. All segments are located geographically within Canada, more specifically Alberta, Saskatchewan and British Columbia.

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